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INEOS are taking part in a project with SGN to bring hydrogen distribution networks a step closer to reality in the UK. Hydrogen supplied from the Grangemouth site in Scotland to the SGN project will help determine how existing natural gas networks can be repurposed for hydrogen.
Clean An upturn in freight this week in the Middle East Gulf. The LR2s of TC1 75k Middle East Gulf / Japan came up 10.71 points to WS148.57. The LR1s also jumped and TC5 55k Middle East Gulf / Japan is currently WS193.57 (+29.64) and a trip west (TC8) has breached the $3m mark, now ...
Marine rates & charges – Update 29 Mar 2022, River Forth Ports – Scotland (Grangemouth, Rosyth, Port Babcock, Rosyth, Inverkeithing, Burntisland, Leith, Kirkcaldy, Methil, Hound Point & Braefoot Bay), United Kingdom There will be an increase on pilotage charges for all vessels over 9600 Chargeable DWT (except container vessels) of 15%, applicable from 1 April. ...
VLCC This sector sunk a little further this week. For 280,000mt Middle East Gulf to USG (via Cape of Good Hope) the market is assessed half a point lower at the WS17.5-18 level. Weakness was also been seen in the 270,000mt Middle East Gulf to China route where rates have slipped a point to WS35.5 ...
Aframaxes that have been floating in the North Sea after loading Forties crude are expected to compete with Urals into European refineries, sources said. “There floating cargoes have to place local – relative value to Urals makes Forties cheap,” one North Sea trader said. While Forties is a North Sea grade, it is considered sour ...